Clarification on Concept of freight inward & outward
This query is : Resolved
25 March 2009
Can anybody explain concept of freight inward & freight outward. How Freight paid on material sent directly to site and not bought to factory will be classified i.e inward or outward freight.
25 March 2009
When material brought to factory or sent to site for use, the freight paid is freight inward..
Where as when freight paid for delivery of finished goods is called freight Out ward.
Freight incurred to send Material to site directly is freight in ward .
Where as when freight paid for delivery of finished goods is called freight Out ward.
Freight incurred to send Material to site directly is freight in ward .
25 March 2009
Yes. I agree with Mr.Pattanayak's view.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
